Warimpex decides on Share Buyback Programme

Warimpex Finanz- und Beteiligungsaktiengesellschaft ("Warimpex" or "Company") plans to carry out a share buyback. On 23 October 2019, the Management Board and the Supervisory Board of the Company decided to carry out a buyback programme for own shares ("Share Buyback Programme 2019") in accordance with section 65 para 1 no 4 and no 8 of the Austrian Stock Corporation Act (Aktiengesetz, "AktG") based on the authorisation resolution of the 33rd annual general meeting of the Company which was held on 3 June 2019.

The purchases of shares within the context of the Share Buyback Programme 2019 will be made by the Company. The maximum volume amounts to up to 1,000,000 shares which corresponds to up to 1.85 % of the current share capital; in case of the repurchase of the maximum of 1,000,000 shares, the Company will hold after the end of the Share Buyback programme, considering the already now held 939,280 own shares, in aggregate 1,939,280 own shares this represents in aggregate 3.59 % of the current share capital. The repurchase is expected to start on 01.10.2019 (see conditions below).

The details of the Share Buyback Programme 2019 will be published under www.warimpex.com/en/investors/2019-share-buy-back-programme.

Conditions of the Share Buyback Programme 2019:

Date of the authorisation resolution of the annual general meeting: 3 June 2019.

Date of the publication of the authorisation resolution of the annual general meeting: the publication took place on 3 June 2019 via pressetext Nachrichtenagentur GmbH to the electronic data dissemination systems Thomson Reuters, Bloomberg and DowJones Newswire according to section 119 para 7 and para 9 of the Austrian Stock Exchange Act (Börsegesetz,"BörseG") 2018 in conjunction with section 2 Austrian Publication Regulation (Veröffentlichungsverordnung, "VVO") 2018.

Beginning and expected duration of the Share Buyback Programme 2019: presumably from 1 October 2019 to 30 August 2020. Type of shares: no-par value bearer shares of the Company (ISIN AT0000827209). Price limit: not lower than a maximum of 30% below and not higher than a maximum of 10% above the average unweighted closing price of the ten trading days preceding the share buyback on the Vienna Stock Exchange.

Nature and purpose of the Share Buyback Programme 2019: repurchase of own shares via the Vienna Stock Exchange for the use of own shares for statutory purposes.

Any impact of the Share Buyback Programme 2019 on the listing of shares: none.

Number and allocation of the stock options to be granted or already granted to employees, officers and to individual members of bodies of the Company or any of its affiliates: the granting of such stock options is not intended.

Share repurchases are made by a credit institution that makes its decision on the date of acquisition independently of the Company and has to comply with the conditions for trading set out in Article 3 DelVO buy-back programmes (Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016). 

This publication with reference to Art 17 MAR replaces the publication according to section 4 para 2 VVO 2018 in accordance with section 9 VVO 2018.  

Disclaimer:

This document constitutes neither an offer to sell nor a solicitation to buy or subscribe for securities. The information contained herein is not for release, directly or indirectly, in or into the United States of America, Australia, Canada or Japan. This document (and the information contained herein) does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities, in the United States, Australia, Canada or Japan or any other jurisdiction where such an offer or solicitation would be unlawful. 

This document does not constitute any obligation for the Company to accept offers to repurchase shares in the Company.